03 Nov Fall in vacancy rates Central QLD
Last week the Real Estate Institute of Queensland released it’s quarterly rate data on housing.
While the vacancy rate of Brisbane’s inner city and middle-ring have risen, Central Queensland vacancies have fallen. Regional Queensland yielded positive news, with consistent falls in vacancy rates for Bundaberg, Gladstone, Mackay and Rockhampton.
REIQ CEO Antonia Mercorella said “It’s encouraging to see the September falls are the start of a consistent trend, with small vacancy rate falls reported over the past few quarters in all of these regional centres.”
“This is a sign that these markets are attracting workers who need rental accommodation,” she said.
“It is also a sign that rents have reached a level that the market feels is fair value, which is also good news for landlords and tenants.”